302 128Th St New York, NY 10027
This exceptional 1,913 square foot lot, located at 302 West 128th Street in New York City's vibrant Central Harlem neighborhood, presents a compelling development opportunity. Zoned R8A/C2-4 with a FAR of 6.02, this property allows for the construction of a roughly 9,747 square foot, seven-story condominium building. The site's dimensions are approximately 25.5 feet by 75 feet. Its prime location offers significant advantages, including proximity to Columbia University (less than half a mile away) and convenient access to public transportation via the A, C, B, and D subway lines at the 125th Street/St. Nicholas Avenue station (just three blocks away). Adding to its appeal, the property is situated a half block from St. Nicholas Park. The location within a Qualified Opportunity Zone provides developers and investors with potential tax benefits and gain deferral options. Comparable condominium sellouts in the area have achieved values of $1,100 per square foot, suggesting strong potential for this development project. The asking price for this remarkable opportunity is $1,600,000. The property's APN is 1-01954-0136.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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